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AXL Arrow Exploration Corp.

26.50
1.25 (4.95%)
03 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Arrow Exploration Corp. LSE:AXL London Ordinary Share CA04274P1053 COM SHS NPV (CDI)
  Price Change % Change Share Price Shares Traded Last Trade
  1.25 4.95% 26.50 1,542,006 14:12:45
Bid Price Offer Price High Price Low Price Open Price
26.00 27.00 27.20 25.25 25.25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs USD 44.67M USD -1.11M USD -0.0039 -120.51 72.18M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:13 UT 9,000 26.50 GBX

Arrow Exploration (AXL) Latest News

Arrow Exploration (AXL) Discussions and Chat

Arrow Exploration Forums and Chat

Date Time Title Posts
05/1/202501:32Arrow Exp - The Second Phase Colombian O&G Sector Specialist10,440
29/11/202307:53Arrow Exploration111
04/1/202212:39Arrow Exploration-

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Arrow Exploration (AXL) Top Chat Posts

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Posted at 04/1/2025 08:20 by Arrow Exploration Daily Update
Arrow Exploration Corp. is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker AXL. The last closing price for Arrow Exploration was 25.25p.
Arrow Exploration currently has 285,864,348 shares in issue. The market capitalisation of Arrow Exploration is £134,356,244.
Arrow Exploration has a price to earnings ratio (PE ratio) of -120.51.
This morning AXL shares opened at 25.25p
Posted at 03/1/2025 12:51 by mount teide
Based on the outstanding fundamentals, I consider a share price of 30p as still offering highly compelling value over an 18-24 month investment outlook, when considering the business development progress made to date and the exceptional potential of the low cost, high CoS, self financing, 23 well, 2025 production development and exploration drilling campaign.....together with the size, quality and high CoS of the infill and exploration well drilling inventory out to 2027.

Since the Q4/2021 London IPO, AXL has achieved a CAGR of 51% to y/e 2024 - a top 1% O&G sector performance - and is well positioned to extend this excellent growth record during the next 2 years - as it would only require a 2025 y/e shareprice of 34p and 49p at y/e 2026.

I have a high expectation that AXL will give Valeura Energy, the sector's best performer, a run for its money over the next two years - Valeura has achieved a CAGR of 121% over two years for its shareholders since the new management took over. However, it's almost certain that Valeura's incredible CAGR performance will slow from its current level over the next two years while Arrow's, on the balance of probabilities, is highly likely to increase.

AIMHO/DYOR

Declaration - have held both stocks from very shortly after the new management took control. Sold 50% of the Valeura holding after 15 months for a circa 300% capital gain(while never a mistake to take a profit - the still improving fundamentals and subsequent share price performance clearly now suggest it was a little early).
Posted at 19/12/2024 11:12 by mount teide
'I was unaware of the overall markets but it does my head in when value stocks drop when overvalued fluff finally has a correction.'

To investors with a average 3-5 year holding period outlook, anything that makes a very attractively priced value/growth investment on virtually all valuation metrics cheaper, is very probably welcome news for those wishing to build a position or add to an existing position.

The current share-price is throwing-in the outstanding success of the CN horizontal well programme AND the initial exploration result from AB for FREE.

The AXL share price is up 260% in the three years since the London IPO - a 51% CAGR - yet the current valuation could double and the business fundamentals would still make it look cheap at $70 oil.

A continuation of the 51% CAGR for years 4 & 5 would only need a very undemanding 2025 Y/E shareprice of 33p and 50p in 2026.......which have the potential to be close to a stroll in the park from the self funded, accelerated development of the Tapir Block's high quality assets in 2025 and beyond.

Assets which to date have delivered an incredible 25 well, 100% drilling success rate on its fault bounded multi reservoir prospects. Organically developing the ultra low drilling cost Tapir Block fault bounded oil discoveries made to date has been like drilling for hydrocarbons under a Sainsbury's fuel station forecourt - the initial result from the exploration well drilled on the AB prospect strongly suggests AXL has added another fully stocked garage forecourt to its asset base!

AIMHO/DYOR
Posted at 12/12/2024 09:36 by rockyride
MT & HAT and just to add a comment from the company I received:-We have noted the recent share price action and while disappointing, we are not aware of or have seen any evidence of manipulation of our share price. The team remains in close contact with its advisors and any major holder crossing ownership thresholds would have to declare their new position through TR-1.My main concern is that Askar Alshinbeyev may have plans to do something corporately with AXL that may not be in our best interests. And as he owns 16% he would not have to notify the market of a reduction in his % until he reaches his new position, whether it be 14% 11% or whatever. Having said that, it does look like the gap to the downside has been filled now and that the seller is done. TR-1's are not always issues real time so we could possibly still see something over the next few days.Am very heavily loaded myself now and whilst the low 20's still seem extremely attractive I am just about managing (with great difficulty) to refrain from adding anymore. I will hold what I've got and am hoping to see a run to test 30's again within the next few months, especially if the exploration drill bit finds something/s commercial.OT can not wait to see my largest holding over at SAVE come back to the market as the relisted share price could clearly move significantly either up and down from the 26.35p suspended price. Happy Birthday today Savannah Energy on your 2nd Anniversary since your suspension RNS!
Posted at 10/12/2024 22:22 by mount teide
M&A - Hold positions in both AXL and PTAL.

A personal view - written in my usual straight talking, opinionated style but without wishing to disrespect others who have posted different views on this thread in this connection:

While we know the two companies have been in communication with respect to PTAL's first hand oil field experience of AICD valve technology to delay water breakthrough in oil fields charged by rain and melt water runoff from the Andes - I think there is more chance of David Lammy or Diane Abbott winning the Grand National riding side saddle on a Shetland pony than AXL merging with PTAL, or PTAL making an outright offer for AXL that would be acceptable to the AXL Board.

Marshall has a long history of buying and developing small O&G companies for trade sale when he thinks he's grown the business to the optimum size to maximise the capital gain for the Board and its shareholders. With AXL he thinks with respect to the development of the Tapir Block it's at a production level of circa 10,000 bopd (likely to shrewdly leave a decent chunk of potential upside to the buyer!)- and although he's yet to mention an accompanying P2 Reserves figure, I think HG's 20mmbls estimate would be on the money.

AIMHO/DYOR

edit: I think Parex Resources would be the most likely purchaser of AXL - as AXL's Tapir Block asset would perfectly complement the Parex business development plan which has a primary focus on the Llanos Basin, Colombia's largest producing O&G basin - and where most of Parex Resources assets and production is located.
Posted at 07/12/2024 14:27 by papy02
Hi MT. Kudos for your health battle - your grit is an inspiration to us all (I am in a similar place).

So you don't buy the Barron's article saying AI is giving US Permian a large new production boost, and quoting a current breakeven price for Permian oil producers of $40/bbl (per S&P Global Commodity Insight) with AI set to potentially reduce that significantly?

I saw your post re shipping industry AI, but still worry about $40 being quoted as the current breakeven, and the oil industry AI (and further drilling innovation) sounds like it has already started delivering - albeit the Barron's article reads like a pump by SLB for their digital oilfield services.

No-one would be more pleased than me if the Barron's article is bunkum. Indeed I am staying invested here (my largest holding) on the premise (/hope) that oil prices won't drop to anywhere near $40, but am unsettled by the relentless AXL share price decline.

Thanks btw KingSuarez for your modelling of low oil prices scenario. The share price here makes no sense.
Posted at 30/11/2024 12:58 by chessman2
Excellent information Charley as it shows the AXL current share price is much underrated.

I believe December and January will show a much increased share price here.
Posted at 29/11/2024 14:35 by mount teide
UncleOswald - many thanks for your thoughts - much appreciated.

As we run down the twilight days of 2024 and begin to think about the prospects for Arrow in 2025 some thoughts:

The very low cost, high impact horizontal drilling programme in the Ubaque at Carizalles Norte is not only continuing to meet or exceed modelled expectation but, is proving extremely reliable throughout the length, breadth and depth of the huge Ubaque reservoir and, has derisked further horizontal development to both the north and south of the current horizontal wells.

This bodes very well for the horizontal drilling programme in 2025, and potentially at:

* Baquiano/Alberta - which is on trend with the Carrizales Norte field and looks remarkably like its twin in many respects:

The aerial extent of the Baquiano three-way structural closure against a fault, is similar in size to the original Carrizalles Norte Prospect - ie: 1,850 metres(1.15 miles) x 375 meters(0.24 miles).

With similar targets: C7, Guadalupe, Gacheta, & Ubaque

Located approximately 3.5 km northeast of the Carrizales Norte discovery(itself, a step out of the Carrizales Field) on the same fault trend, in a basin where historically, exploration drilling on a three way structural closure against a fault has delivered a circa 90% CoS.

* Oso Pardo - has similar reservoir thickness & characteristics to CN's Ubaque

The proposed partnership with Canacol to develop the extension of the field into the adjacent VMM2 block is tremendous news, however, the icing on the cake from this arrangement will surely be the opportunity to explore the conventional prospects across the length and breadth of this huge block, which has a gross size of 72,500 acres - larger than our gross 65,154 acre Tapir Block.

A VMM-2 Block partnership deal with Canacol has the potential to deliver a highly material further step-change in the company's development by more than doubling the company's land under license for conventional O&G E&P operations and its P2 reserves.


In light of the above and drilling inventory out to 2027 of very low cost, ultra quick payback, very high return production development and low risk exploration prospects,

Some food for thought:

Arrow Exp share price is up 24% YTD

Perex Resources share price is down 40% YTD(US$1.02 billion fall in market cap) - a drop of more than 12 times Arrow's current market cap!

Parex has returned to shareholders US$1.35 billion in dividends and share buybacks over the last 5 years......that's 3.17 times Arrow's current market cap EVERY YEAR since 2018!

The recent heavy fall in Parex's shareprice was the result of a disappointing performance at one of what was previously described as its 'key growth drivers in the company's long term planning - the Arauca Asset', where Parex has a 50% Participating interest with NOC Ecopetrol.

'The primary event and circumstance that led Parex to withdraw the long term plan is due to Arauca underperformance, with the drilling and subsequent results being materially lower than Management’s expectations.' Parex recently revised down Arauca production guidance for 2024 down from 5,000 bopd to 500 bopd.

“Today, we have announced revisions to our outlook, primarily driven by lower-than-expected results at Arauca, which have materially impacted our production view for 2024. Our long-term profiles at LLA-34(Llanos Basin), Cabrestero and Capachos underpin continued shareholder returns, and we are taking meaningful and immediate steps to position Parex to deliver,” commented Imad Mohsen, President & Chief Executive Officer.

This could well result in Parex Resources, the largest O&G license land owner in Colombia, which recently acquired large tracts of unexplored acreage surrounding the Tapir Block, secured in an off tender deal during the last Government O&G license auction, to run their slide rule over Arrow a little earlier than they may have been previously planning......as an offer in this current weak priced oil market even at 2-3 times Arrow's current market cap would represent far better value compared to the shareholders funds they have spent over recent years increasing production organically on their own acreage.

AIMHO/DYOR
Posted at 28/11/2024 09:46 by kaos3
i asked my self

how come axl got such a good acerage with 3d shot i think
axl had no problems buying it
axl had no probelm getting development financing
axl got extremely good deal as a micro oiler with big boys like trafigura - buying at the well head
axl got superb management
axl never had any problems with the government, even with the strike
etc
what is going on?

too good to be true

that was the start of my thinking journey
Posted at 16/11/2024 11:25 by pogue
Share buybacks would have to be resold at a later date otherwise the capital is wasted propping up the share price for no reason it would then be worse than a divi. So at a later date will shareholders be happy as the company sells shares to the market when the price is higher thus slowing down a rise?
The share price is only of concern if you are trading it, if you believe the fundies its a buying opportunity.
Drill baby drill ;0)
Posted at 11/11/2024 09:09 by ashkv
Post today's RNS and share price reaction on marginally lower production the Enterprise Value for 5,300 barrels of crude oil production is USD 86 million for a zero debt, net cash $18mn firm with many exciting drilling prospects!!

UNREAL!!!

AXL Share Price -> 23.27p
AXL Current Share Price vs 52 Week low of 17p on 15 Nov 23 -> 36.88%
AXL Current Share Price vs 52 Week High of 33p on 27 July 24 -> -29.48%
Brent -> $74.00
Market Cap (GBP) -> £66,520,634
GBPUSD -> 1.290
Market Cap (USD) -> $85,811,618
Production Average FY 2022 -> 1,345
Production Average Q1 2023 -> 1,635
Production Average Q2 2023 -> 2,169
Production Average Q3 2023 -> 2,518
Production Average Q4 2023 -> 2,335
Production Average FY 2023 -> 2,167
Production Average Q1 2024 -> 2,730
Production Average Q2 2024 -> 2,546
Production Levels 23 Sep 24 -> 5,835
Production Levels 11 Nov 24 -> 5,305
Net Cash (1 Nov 24) -> $18,000,000
Inventory (Q1 2024 Results) -> $492,240
Debt -> NIL DEBT
Enterprise Value(EV) (Market Cap + Debt - Cash) -> $67,811,618
EV/Barrel 11 Nov 2024 Production -> $12,783
EV/Barrel Q2 2024 Production Avg -> $26,635
EV/Barrel Q1 2024 Production Avg -> $24,839
Decommissioning liability (Q1 2024 Results RNS) -> $4,282,861
2P Reserves (Year End 2023) -> 11,847,000
EV/2P -> $5.72
Shares Outstanding -> 285,864,348
Shares Outstanding (Diluted) -> 292,791,385
Net Cash Plus Inventory Component of AXL share price -> 5.01p
Arrow Exploration share price data is direct from the London Stock Exchange

Arrow Exploration Frequently Asked Questions (FAQ)

What is the current Arrow Exploration share price?
The current share price of Arrow Exploration is 26.50p
How many Arrow Exploration shares are in issue?
Arrow Exploration has 285,864,348 shares in issue
What is the market cap of Arrow Exploration?
The market capitalisation of Arrow Exploration is GBP 72.18M
What is the 1 year trading range for Arrow Exploration share price?
Arrow Exploration has traded in the range of 17.25p to 33.00p during the past year
What is the PE ratio of Arrow Exploration?
The price to earnings ratio of Arrow Exploration is -120.51
What is the cash to sales ratio of Arrow Exploration?
The cash to sales ratio of Arrow Exploration is 3.01
What is the reporting currency for Arrow Exploration?
Arrow Exploration reports financial results in USD
What is the latest annual turnover for Arrow Exploration?
The latest annual turnover of Arrow Exploration is USD 44.67M
What is the latest annual profit for Arrow Exploration?
The latest annual profit of Arrow Exploration is USD -1.11M
What is the registered address of Arrow Exploration?
The registered address for Arrow Exploration is 600, 815 8TH AVENUE SW, CALGARY, ALBERTA, T2P 3P2
What is the Arrow Exploration website address?
The website address for Arrow Exploration is arrowexploration.ca/
Which industry sector does Arrow Exploration operate in?
Arrow Exploration operates in the BLANK CHECKS sector

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